It’s been a rocky past few days for Bitcoin, Ethereum, and other top cryptocurrencies. From the monthly highs against the dollar, most digital assets are down 10%.
But when measuring the performance of some cryptocurrencies against Bitcoin, some investments are outperforming. Ethereum is a perfect case in point, which has rallied 10% against BTC over the past nine days.
Chart from TradingView.com of ETHBTC’s price action over the past few weeks. The trading pair is up 10% in the past nine days or so.
Analysts say this is a precursor is a performance to even greater gains, though there still exists a risk of a medium to a long-term decline in the broader altcoin market, which would likely threaten ETH.
Ethereum Poised to Rally Against Bitcoin, Analysts Say
Luke “Venture Coinist” Martin — a prominent cryptocurrency trader and podcaster — suggested this week that ETHBTC is subject to rally even further in the coming days.
He shared the chart below, which indicates that amid the recent breakout, Ethereum moved above a crucial resistance level that has historically led to 15-20% gains:
“ETH rising through a key level today. The previous breakouts at this level led to another +15-20% in the subsequent weeks.”
Chart of ETHBTC price over the past few months from crypto trader Luke Martin (handle of @VentureCoinist on Twitter).
Martin’s optimism on the trading pair was echoed by Chris Burniske, a partner at Placeholder Capital who recently wrote:
“I wouldn’t want to be short ETHBTC either.”
The cryptocurrency could also be buoyed fundamentally by the news that the Winklevoss Twins — Tyler and Cameron Winklevoss — have thrown potentially hundreds of millions of dollars at supporting Ethereum. Twin Cameron said to former Bloomberg journalist Camila Russo in a recent interview:
“We definitely own a lot of ether. They’re large and it’s a material amount. Yeah, quite large […] A couple of years back we made a concerted effort to buy a lot of ether.”
It’s Only Going to Be Temporary
While the technicals may be in the court of Ethereum bulls, that’s not to say that it will outperform Bitcoin forever.
Kelvin “Spartan Black” Koh of The Spartan Group — a crypto-asset investment firm based in Hong Kong and Singapore — recently said that he’s currently hesitant to believe ETH will outperform Bitcoin due to “considerable uncertainty” regarding the Ethereum 2.0 upgrade:
“We are observing the ETH2.0 transition closely to understand the crypto economic implications and impact on ETH price. At some point, we may turn more bullish on ETH. It is a big event but at the moment there is considerable uncertainty.”
The skepticism about ETH’s fundamentals as an investment was echoed by chief investment officer of Arca, Jeff Dorman, who shared that the fact that all altcoins fell last week is a sign that “most digital assets are not necessary to own.”
Featured Image from Shutterstock origin »
Former Coinbase CTO Balaji Srinivasan spoke at the Network State Conference in Singapore on Sept. 22 about Bitcoin’s potential to protect wealth against inflation. Srinivasan claimed that Bitcoin (BTC) serves as a shield against what he describes as the gradual…
While Bitcoin has seen a pullback from its recently set new all-time high of $73,750 on March 14, currently trading down around 8%, other Bitcoin forks have fared much worse. Following the morning of the landmark ruling against Craig Wright on March 14, Bitcoin Satoshi’s Vision is down 17% against BTC.
Cryptocurrency expert CJK (@CJKonstantinos) cautioned bitcoin investors against selling at the $100,000 price level in a recent tweet, arguing that $100k is “simply a psychological resistance” and the real bitcoin journey is just beginning.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
The $28k area had a confluence of resistanThe post Bitcoin set to brush against the $27.
The CEO of Argo has stated that he won’t be gambling against Bitcoin despite the negative trends around the asset class. He said that Bitcoin has a streak of proving its doubters wrong over time despite unfavorable odds.
The ongoing price rally in the Bitcoin market paused on Friday as traders decided to secure their short-term profits against the strengthening US dollar, even though a long-term outlook showed the flagship cryptocurrency in a vital state.
Ethereum’s founder Vitalik Buterin has recently advised against a crypto-investment style that recently went viral on crypto-twitter. Peter McCormack, a Bitcoiner who loaned $46,250 to purchase Bitcoin was a subject for discussion among crypto-twitter, who were largely displeased with the Bitcoiner’s investment choices.
2020 was undeniably the year of Bitcoin. No financial assets have acted as a better safe haven, insurance policy, protection against inflation, and more – all while being the top-performing mainstream investment asset in terms of ROI.
Bitcoin has been a tear in recent months, rallying 50% in the past four or five weeks alone. Robert Kiyosaki says that the rally in the price of Bitcoin against gold and silver (and against the dollar) shows that the U.
In the past week, the alternative cryptocurrency (altcoin) market has further slumped against Bitcoin.
The post Traders warn about Ethereum and DeFi tokens as momentum dwindles against Bitcoin appeared first on CryptoSlate.
Swiss crypto financial firm Bitcoin Suisse has added gold, silver, and platinum to its platform, allowing users to trade the precious metals against both bitcoin (BTC) and ether (ETH), as well as five other major fiat currencies.
Bitcoin is struggling to surpass the $7,800 resistance area against the US Dollar. It seems like BTC price could dip towards $7,600 or $7,400 before a fresh rally towards $8,000. Bitcoin made two attempts to clear the $7,800 hurdle against the US Dollar, but it failed.
Bitcoin is currently consolidating above the $6,760 low against the US Dollar. BTC price could correct higher, but upsides are likely to face hurdles near $6,955 or $7,030. Bitcoin is showing signs of an upside correction from the $6,761 low against the US Dollar.
Bitcoin failed to surpass the $7,200 resistance and declined below $7,000 against the US Dollar. BTC price is showing a few bearish signs, but the bulls are likely to protect $6,555. Bitcoin is declining and trading below the $7,000 support zone against the US Dollar.
Bitcoin failed to surpass the $6,900 and $7,000 resistance levels against the US Dollar. BTC price is back in a bearish zone and it could continue lower towards $6,200 or $6,000. Bitcoin is down around 4% and it is now trading well below the $6,800 level against the US Dollar. There was a break below...
Bitcoin started a downside correction from the $7,447 monthly high against the US Dollar. BTC price tested the key $7,000-$7,100 demand zone and recently revered losses. Bitcoin failed to extend gains above $7,500 and corrected lower against the US Dollar.
Bitcoin declined sharply below the $6,200 support against the US Dollar. BTC price found support near $5,850 and it is currently recovering towards a couple of key hurdles. Bitcoin is correcting higher from the $5,846 swing low against the US Dollar.
Bitcoin is down more than 50% and broke many key supports such as $5,000 against the US Dollar. BTC price seems to be forming a short term bottom near $4,000 and it could recover. Bitcoin tumbled below many important supports and tested $4,000 against the US Dollar.
Bitcoin started a major downside correction from the $10,521 yearly high against the US Dollar. BTC price declined below $9,000, but it is still in a larger uptrend above $8,000. Bitcoin started a major correction from well above the $10,000 level against the US Dollar.
Bitcoin managed to stay above the $9,350 support area against the US Dollar. BTC price is currently recovering, but it must surpass $9,825 for a strong upward move. Bitcoin price is currently correcting higher from the $9,350 support area against the US Dollar.
Bitcoin extended its rise towards the $10,500 resistance area against the US Dollar. BTC is now showing signs of exhaustion and it could dip a few points before continuing higher. Bitcoin price is struggling to gain momentum above $10,400 and $10,450 against the US Dollar.
Bitcoin price climbed steadily above the $10,000 resistance against the US Dollar. However, BTC could correct lower towards $9,850 before it rallies towards the $10,500 area. Bitcoin is currently facing resistance near the $10,200 area against the US Dollar.
Bitcoin reversed after a sharp dip towards the $8,400 support area against the US Dollar. BTC price is now signaling more upsides above $8,800 and $9,000 in the coming sessions. Bitcoin price bounced sharply and formed a bullish engulfing pattern above $8,550 against the US Dollar.
The unprecedented Iranian strikes against U. S. military bases in Iraq saw Bitcoin rise as a hedge against the chaos. However, its price movements have cooled as President Trump today announced de-escalation.
Since May 2019, the price of Ethereum has dropped by around 50 percent against Bitcoin. The ETHBTC pair across major exchanges declined from 0.0347 BTC to 0.01762 BTC within seven months. Behind the lackluster performance of Ethereum against Bitcoin since 2019 are: a correction in the crypto market in the latter half of last year […]
The post Here are the two major reasons Ethereum dropped 50% against Bitcoin in the past 7 months appeared first on CryptoSlate.
Bitcoin broke a couple of important hurdles near $7,500 and $8,000 on the daily chart against the US Dollar. BTC price action indicates a strong rise towards $9,100 or even $10,000. Bitcoin price surged $500 and settled above the key $8,000 resistance against the US Dollar.
Bitcoin surged more than 5% to climb above the $7,700 and $7,800 resistance levels against the US Dollar. BTC price tested the $8,000 barrier and it could correct lower in the short term. Bitcoin price traded to a new 2020 high close to the $8,000 mark against the US Dollar.
Bitcoin might be starting a strong bullish wave above $7,500 against the US Dollar. However, BTC bulls must be careful considering a cluster of resistances between $7,700 and $8,000. Bitcoin price is gaining traction above the $7,400 and $7,500 resistance levels against the US Dollar.
The Bitcoin dominance rate looks primed for a short-term increase and breakout from its pattern. However, its long-term prospects still remain gloomy. The Bitcoin price has been decreasing since making a rapid upward move on October 25.
The recent sell-off in the bitcoin market has brought the price down by more than 15 percent in just five days. The downside action has appeared against the backdrop of a dwindling global economy, shaking the beliefs of many who consider bitcoin as a safe-haven asset against gloomy macroeconomic sentiments.
Ever since the dawn of cryptocurrency, it has been Bitcoin against other coins. Each year has continuously been tagged the “Altcoin” year, with hopes that most of the new and upcoming coins, will rival Bitcoin and give the digital currency the necessary competition it needs, to make the crypto market an exciting place to be.
A veteran investor who once called bitcoin a “real fraud” flipped his critical views amidst a gloomy macroeconomic outlook. Mark Mobius, the founder of Mobius Capital Partners LLP, said in an interview that he would probably buy bitcoin as a protection against the Federal Reserve’s dovish stance on the economy.
Bitcoin [BTC] might be over $10,000 from breaking its all-time-high [ATH] against the world’s premier fiat currency, the US Dollar [USD]. However, another prominent national currency is now left in the king coin’s wake.
Bitcoin is currently about $100 more expensive to buy with Great British Pound (GBP) than with the dollar or euros. Likewise other cryptos are at a slight premium against the...
The post Bitcoin at a $100 Premium Against Brexit Pound appeared first on Trustnodes.
Ethereum based tokens, which have recorded astronomical gains against Bitcoin in the bull market of 2017, are on track to see all-time low prices against both Bitcoin and the US dollar. Throughout the past eight months, the Bitcoin price has dropped by more than 70 percent, from $19,500 to $6,500.
Though Bitcoins market price has been anything but inspiring of late, as it lingers at 70% below its all-time high, one wealthy Australian Bull still believes enough to put it up against Warren Buffets Berkshire Hathaway.
The advice from Wences Casares to those wanting to be a millionaire is to take 1% of what you own, buy Bitcoin, then wait 5-10 years. That way, according to the CEO of Bitcoin storage company Xapo, “You either lose 1% of your net worth…or you make millions.
On 27th June, Immigrant and Customs Enforcement [ICE] Homeland Security Investigation [HSI] New York seized about 2000 Bitcoin [BTC] worth around $23. 6 million. The Bitcoin [BTC]’s were seized during an operation launched by the ICE HSI against U.
Key Points Bitcoin price made a short-term low near $5,800 and bounced back against the US Dollar. There was a break above a key bearish trend line with resistance at $6,280 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
Key Points Bitcoin cash price started a new upside wave from the $650 support area against the US Dollar. There are two bearish trend lines formed with resistance at $770 and $810 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
BCH/USD Long-term Trend – Bearish Distribution territories: $1,500. 00, $1,700. 00, $1,900. 00. Accumulation territories: $500. 00, $400. 00, $300. 00. The USD dollar has been considerably appreciated against the Bitcoin Cash, this week.
Poland’s cryptocurrency industry lobby group the Polish Bitcoin Association (PBA) confirmed it has complained to regulators about banks’ denial of services to businesses June 27. Banks ‘Aim To Remove Virtual Currency’ In a statement sent to the Office of Competition and Consumer Protection (OCCP), the PBA cites financial institutions closing and denying bank accounts as proof they “clearly aim at removing virtual currency entities from the market.
Bitcoin fell to $5,845 today, its lowest level against the dollar since October, and down from the December record high of more than $19,000. Regulators in the US and Japan are increasing their scrutiny on trading venues on concerns over money laundering and market manipulation (paywall). While the latest price decline isn’t yet as severe
This week, the U. S. Department of Justice and other law enforcement agencies banded together to bring down some bad actors on the dark web. EOS is undergoing some growing pains with the launch of its network, exposing the trials and tribulations of an all-too-centralized governance model.
Although Bitcoin (BTC) managed to recover most of its losses over the weekend after tumbling as low as $78,258 on February 28, the premier cryptocurrency has created a massive new Chicago Mercantile Exchange (CME) gap, raising concerns that the digital asset may witness another pullback to the low $80,000 level. Bitcoin Not Out Of The […]
Ethereum (ETH) hit a new yearly low of $2,076 earlier today, further weakening sentiment around the second-largest cryptocurrency by market cap. If Ethereum falls below $2,000, it could trigger additional losses for investors.
The crypto market trended lower last week as US tariffs rocked the market, causing investors to flee to safe-haven assets like Gold. Crypto prices which recovered slightly on Monday and Tuesday continued trending downward as uncertainty looms.
Bitcoin fell 4. 72% over the weekend and another 3. 50% during Monday’s Asian session as tensions driven by Trump’s tariffs have investors derisking their positions. Over the weekend, China responded to Trump’s tariffs by indicating interest in imposing tariffs on US goods, while Canada imposed a 25% tariff on CA$155 billion worth of US goods.
2025 has not started on a strong note for Ethereum (ETH), as the second-largest digital asset by market cap continues to trade below its yearly open. Recent on-chain movements also suggest that crypto whales might be losing confidence in ETH’s potential to deliver outsized returns.
The crypto market trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data The Fed expressed caution around inflation, especially as President-elect Donald Trump’s policies will kick in after his inauguration on January 20 Meanwhile, spot crypto exchange-traded funds (ETFs) logged outflows from Wednesday, January 8 Bitcoin […]
The post Weekly price analysis: prices decline on risk-off sentiments appeared first on CoinJournal.
Cryptos trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data. The Fed expressed caution around inflation, especially as Trump’s policies will kick in after his inauguration on Jan.
